Rising values as live auction ring delivers for farmers - LAA

THE value to the farmer of a competitive marketplace is starkly reflected in the latest throughput and turnover figures.

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In what has been termed “the good news story” for the producer - against a backdrop of uncertainty and lack of farmer confidence - the Livestock Auctioneers’ Association (LAA) says increases in values recorded against all livestock categories sold through the livestock markets of England and Wales “underpin the importance of providing a level-playing field and competitive trade”.

The LAA adds the rising values reflect the “unique strength of the live auction ring” in responding to wider market forces - specifically a tightening of supply, amid the decreasing national herd and flock.

A total of 10.7 million cattle, sheep and pigs, including 6.7 million slaughter livestock and four million store and breeding stock, were sold through the live auction rings of England and Wales in 2024, at a combined turnover of nearly £2.5 billion.

‘This represents an increase of over £220 million on the year.